Wild wild Dow.

Another wild ride with the underlying trends decidedly bearish following Friday's unemployment report that the jobless rate has spiked to 6.1%.The environment is getting volatile.
Imagine it fall 150 points during the session and sudden swing back.
Now investors are getting nervous about this third-quarter earnings.
Lower commodity prices, especially crude oil's decline, helps take pressure off the Federal Reserve on the need to hike interest rates, with the market most recently pricing in expectations of the central bank to let rates stand at its September and October meetings, and starting to build in an expectation of a 25-basis-point cut, which would take the rate down to 1.75%.
International stock markets stumbled at he expense of the Dow.

Tracking The Dow on 05/09/08.(Friday)
Quadraple Witching Day:19/09/08.

9:30am:--A 40.0 points gap-down.
Nonfarm payrolls fell 84,000 during August, bringing the unemployment rate to 6.1%, according to the latest government statistics. Payrolls were expected to decline 75,000 after shedding 60,000 jobs in July

10:30am:--Bearish Hammer.
It's session low and bearish.
11:30am:--Unshaven bulls.
Just released, mortgage delinquencies totaled 6.41% during the second quarter. That is up from the prior reading of 6.35%
12:30am:--Morning Stars.
Oil is now down more than 2% to trade around below $106 per barrel.
1:30am:--Dragonfly doji.
The dollar (+0.4%) is trading higher for the seventh consecutive day, benefiting from concerns regarding the state of world economies.
2:30am:--Bearish Doji.
Buying in financials (+1.8%), the second largest economic sector behind technology (+0.1%), also helped lift the broader market
3:30am:--Bullish spin.
Financials garnered attention after Reuters reported that Blackstone Group (BX 16.43, -0.31) and KKR are each looking to buy parts of Lehman Brothers (LEH 16.20, +1.03).
4:00pm:--Two Black Crows.

A bullish dragonfly on Friday looking for short-covering.This is the character of Mr.Dow facing a quadraple witching month.
We have to fasten our seat belt in this roller-coaster game plan by the manipulators.